White Sulphur Springs: Petition for permission to lease White Sulphur Springs
The creditors petition the court to permit a lease of the property rather than a sale, stating that a sale would result in a total loss for all but a few preferred creditors.
We the undersigned creditors of the White Sulphur Springs Company, for the amount opposite our respective names earnestly petition the court to authorize & confirm a lease of the property for a period of years, believing as we do, that a sale at the present time would result in total loss to all except a few preferred creditors, without a corresponding benefit to any one –
We are informed that the President of the company has already made a conditional lease of 7 years, and its adoption by the court will be of immense importance to the majority of the creditors, without so far as we can see any serious inquiry to any & is anxiously recommended by us –
J. Prosser Tabb $20.000.00